Belmiro De Azevedo Net Worth is$1.5 Billion
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Belmiro de Azevedo net worth: Belmiro de Azevedo is a Portuguese entrepreneur who has a net worth of 41.5 billion. Belmiro de Azevedo is a chairman and major shareholder of Portuguese conglomerate Sonae SGPS, which is one of the largest business groups in Portugal with operations and investments in approximately 65 countries (Spain, Greece, Germany, Italy, Brazil), including Zippy children's clothing stores in Saudi Arabia, Turkey and Kazakhstan. Belmiro de Azevedo and his immediate family hold just under 53% of Sonae, stakes of which has recovered by more than 50% thanks to better than expected earnings amid ongoing economic weakness in Portugal. Thus, Azevedo's net worth has increased for $500 million, in comparison to his net worth a year ago. Being married with three children, Belmiro's son is the chief executive officer of the company that he founded in 1959 as a maker of decorative laminates.
Belmiro Mendes de Azevedo (born 17 February 1938 in Tuias, Marco de Canaveses) is a Portuguese entrepreneur, ranked by Forbes as the 605th richest person in the world (2008), as well as the 2nd richest in Portugal, with an estimated wealth of US$2 billion. He owns a controlling stake in Sonae SGPS, one of the largest business groups in Portugal, which also operates in Spain, Greece, Germany, Italy, Turkey and Brazil.
Sonae is a Portuguese leader in real estate and retailing and also has investments in telecommunications, tourism, venture capital, and the media. In 2006, Sonae launched an unsuccessful hostile bid to control Portugal Telecom (PT), the number one Portuguese telecommunications operator.
Azevedo, a carpenter and a tailor's son, has a degree in chemical engineering from the University of Porto and an MBA from Harvard University.
Azevedo's shares were acquired to the estate of late banker Afonso Pinto de MagalhA?es who, through his bank Banco Pinto de MagalhA?es, fully owned Sonae. MagalhA?es put Azevedo in charge of Sonae during the turbulent years following the 1974 Carnation Revolution that culminated in the seizure of the company by the Government. It was the success in keeping the company running during these years, plus the also successful reclaiming of the company ownership, that led the deceased banker's family to cede the control of Sonae to Azevedo, but not before a protracted legal battle between him and the banker's sons, whom Azevedo accused of incompetence and cockiness.
He is married to Maria Margarida Carvalhais Teixeira and has three children: Duarte Paulo Teixeira de Azevedo, born 31 December 1965 and married to Nicole, his father's successor in the company business, Maria ClA?udia Teixeira de Azevedo and Nuno Miguel Teixeira de Azevedo, who also followed his father's footsteps in the family business.

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Belmiro De Azevedo Latest News

Belmiro de Azevedo, Sonae's driving force, has died at 79

Belmiro de Azevedo has died in Oporto at the age of 79 after a long illness. His name has long been associated with the Sonae Group of companies as he led the diverse business from 1974 to his retirement in 2015, making him one of the richest men in Portugual.
Posted: November 28, 2017, 3:00 pm

Portugese Businessman Turned Industrial Firm Into a Conglomerate

Even after becoming one of Portugal’s richest men, Belmiro de Azevedo liked to keep his employees on their toes, making surprise visits to the stores in his Continente retail chain and personally tracking the evaluations of executives across his ...
Posted: December 8, 2017, 8:00 am

Belmiro de Azevedo, top Portuguese entrepreneur, dies at 79

LISBON, Portugal — Belmiro de Azevedo, one of Portugal's most successful businessmen who built his company Sonae into an international conglomerate, has died. He was 79. In a statement Wednesday, his company said Azevedo died Wednesday, but gave no ...
Posted: December 13, 2017, 3:09 am
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